Serco Group PLC Director/PDMR Shareholding (2480T)
02 July 2018 - 7:57PM
UK Regulatory
TIDMSRP
RNS Number : 2480T
Serco Group PLC
02 July 2018
2 July 2018
Serco Group plc (the 'Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2 PENCE
EACH IN THE COMPANY ('ORDINARY SHARES')
The Company confirms that awards granted on 27 June 2014 to
Rupert Soames in the form of Nominal Cost Options under the 2009
Serco Performance Share Plan (the 'Performance Award') and in
connection with his appointment to the Company (the 'Recruitment
Award') (together, 'the Awards') lapsed in full on 27 June
2018.
The performance measures applied to the Awards are set out
below. The performance period for the Awards commenced on 1 January
2014.
Performance Award:
Proportion Measure Outcome Overall outcome
of the Award
Absolute Share Price - the Company's
average share price in the 30 days
following the announcement of the
2017 results was below the minimum Lapsed in
1/3(rd) required for vesting. full 0%
----------------------------------------- ----------- ----------------
Total vesting in 2018 for 2014 Award 0%
Total proportion of the Performance Award lapsed 83.33%
to date
Still to vest 16.67%
------------------------------------------------------ ----------------
Recruitment Award:
Proportion Measure Outcome Overall outcome
of the Award
Absolute Share Price - the Company's
average share price in the 30 days
following the announcement of the
2017 results was below the minimum Lapsed in
40% required for vesting. full 0%
---------------------------------------- ---------- ----------------
Total vesting in 2018 for 2014 Recruitment Award 40%
Total proportion of the Recruitment Award vested
to date 20%
Total proportion of the Performance Award lapsed
to date 80%
Still to vest 0%
---------------------------------------------------- ----------------
All tranches of the 2014 Recruitment Award have now vested or
lapsed.
The closing price of an Ordinary Share of Serco Group plc at the
point of vesting on 27 June 2018 was GBP1.0080.
The notifications that follow are made in accordance with the
requirements of Article 19 of the EU Market Abuse Regulation
596/2014.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rupert Soames
---------------------------------- ----------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status Group Chief Executive
---------------------------------- ----------------------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name Serco Group plc
---------------------------------- ----------------------------------------------------
b) LEI 549300PT2CIHYN5GWJ21
---------------------------------- ----------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been conducted
----------------------------------------------------------------------------------------
a) Description of the Ordinary shares of 2 pence each ('Ordinary
financial instrument, Shares')
type of instrument ISIN: GB0007973794
Identification code
b) Nature of the transaction The lapse of Nominal Cost Options over Ordinary
Shares granted in 2014 under the Company's
2009 Performance Share Plan.
---------------------------------- ----------------------------------------------------
c) Price(s) and volume(s)
---------------- --------------------------------
Price(s) Volume(s)
---------------- --------------------------------
n/a 192,132 (Performance
Award)
---------------- --------------------------------
n/a 153,953 (Recruitment
Award)
---------------- --------------------------------
d) Aggregated information
- Aggregated volume 346,085
- Price n/a
e) Date of the transaction 27 June 2018
---------------------------------- ----------------------------------------------------
f) Place of the transaction n/a
---------------------------------- ----------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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